With the end of 2023 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. Two such posts focused on home prices and construction costs.  In November, Natalia Siniavskaia examined 2022 Census data to report regional differences for pricing of different kinds of home construction: Square Foot Prices More than Double Inflation… Read More ›

“What stood out was the exquisite use of custom materials, the attention to detail, and the creation of a spa-like environment.  By building the room around the tub shape, the designer delivered exactly what the client asked for.  This is a wonderful showcase of the growing trend in bath remodeling.” – 2011 BALA Judges Interior Designer: Mark Cravotta Photographer: Paul Bardagjy The post 2011 Room of the Year: Cater Bath Remodel first appeared on Best In American Living.

Elevated mortgage rates acted as a drag on new home sales in November, but with the economy now apparently past peak interest rates for this cycle, sales are expected to rise as we move into the new year. Sales of newly built, single-family homes in November fell 12.2% to a 590,000 seasonally adjusted annual rate, according to newly released data… Read More ›

Color Design Art, Class of 2014 Color Design Art Inc. (CDA) — the premier model home merchandising firm — is a California-based design company that came onto the scene with its very first commission in 1970 — going on to win awards and make headlines for its groundbreaking perspective within the industry. CDA has become an influencer for many of the top industry leaders and professionals within the design community to this day. President Beverly Trupp guides CDA towards innovation…

Consumer confidence jumped to a five-month high as consumers were more optimistic about inflation and the economic outlook. This optimism was primarily driven by slowing inflation, expectations of lower interest rates, and fading fears of recession. The Consumer Confidence Index, reported by the Conference Board, rose 9.7 points from 101.0 to 110.7 in December, the highest level since August 2023…. Read More ›

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $129 billion in taxes were paid by property owners in the third quarter of 2023 (not seasonally adjusted).[1] In the four quarters ending Q3 2023, state and local governments collected $757 billion of property tax revenue—an 11.6% increase over Q3 2022. The year-over-year growth rate of property tax revenue… Read More ›

Multiple product lines, a 12,000 square foot recreational facility overlooking a lake and regular social activities make this well-planned development resemble a resort community.  The heavily wooded site with numerous wetlands is surrounded by agricultural operations. Of the 400 acres approved for 425 homes, 100 will be conserved as open space for all residents to enjoy.  Occupying 1/3- to 2/3-acre lots, these homes feature a traditional farmhouse look, with front porches, gables and cedar roofs combined with a choice of…

Existing home sales rose in November from a 13-year low, ending a five-month decline, according to the National Association of Realtors (NAR). This increase in sales was driven by a strong gain in the South, where homes are considered more affordable. Total existing home sales, including single-family homes, townhomes, condominiums, and co-ops rose 0.8% to a seasonally adjusted annual rate… Read More ›

Single-family construction surged in November as lower mortgage rates helped to assuage affordability concerns and unleash pent-up demand for housing. Overall housing starts increased 14.8% in November to a seasonally adjusted annual rate of 1.56 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The November reading of 1.56… Read More ›

Falling mortgage rates helped end a four-month decline in builder confidence, and recent economic data signal improving housing conditions heading into 2024. Builder confidence in the market for newly built single-family homes rose three points to 37 in December, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). With mortgage rates down roughly 50 basis… Read More ›